New York, Oct. 11 – Morgan Stanley Finance LLC priced $1.60 million of jump securities with autocallable feature due Oct. 2, 2026 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 21.4% if the closing price of the underlying ETF is greater than or equal to its initial price on Oct. 2, 2024.
The payout at maturity will be par plus 150% of the fund return if the fund return is positive.
The payout will be par if the fund declines but finishes at or above its 50% trigger level. Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying ETF: | ARK Innovation ETF
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| Amount: | $1,597,000
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| Maturity: | Oct. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF return is positive, par plus 150% of ETF return; par if ETF declines but ends at or above downside threshold; otherwise, full exposure to loss
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| Call: | Automatically at par plus 21.4% if the closing price of the underlying ETF is greater than or equal to its initial price on Oct. 2, 2024
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| Initial level: | $39.67
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| Downside threshold: | $19.835, 50% of initial level
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61775MFJ0
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